H&R Block, Inc. (NYSE:HRB) Shares Purchased by Truist Financial Corp

Truist Financial Corp grew its position in H&R Block, Inc. (NYSE:HRB - Free Report) by 3.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 676,294 shares of the company's stock after acquiring an additional 19,593 shares during the period. Truist Financial Corp owned about 0.49% of H&R Block worth $35,735,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. boosted its holdings in H&R Block by 5.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,936,829 shares of the company's stock worth $313,735,000 after buying an additional 255,354 shares in the last quarter. Pacer Advisors Inc. boosted its holdings in H&R Block by 21.1% during the fourth quarter. Pacer Advisors Inc. now owns 2,735,189 shares of the company's stock worth $144,527,000 after buying an additional 476,892 shares in the last quarter. Wedge Capital Management L L P NC boosted its holdings in H&R Block by 13.8% during the fourth quarter. Wedge Capital Management L L P NC now owns 884,714 shares of the company's stock worth $46,748,000 after buying an additional 107,450 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in H&R Block by 3.5% during the third quarter. JPMorgan Chase & Co. now owns 754,287 shares of the company's stock worth $47,935,000 after buying an additional 25,234 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in H&R Block by 29.0% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 698,101 shares of the company's stock worth $44,364,000 after buying an additional 156,856 shares in the last quarter. Hedge funds and other institutional investors own 90.14% of the company's stock.

H&R Block Price Performance

Shares of NYSE HRB traded down $0.13 on Friday, hitting $52.29. The company's stock had a trading volume of 1,327,178 shares, compared to its average volume of 1,193,817. H&R Block, Inc. has a 12-month low of $45.87 and a 12-month high of $68.45. The company has a market capitalization of $7.00 billion, a price-to-earnings ratio of 14.40, a price-to-earnings-growth ratio of 0.80 and a beta of 0.69. The company has a debt-to-equity ratio of 16.46, a current ratio of 0.73 and a quick ratio of 0.73. The stock has a 50 day moving average of $53.85 and a 200-day moving average of $58.39.

H&R Block (NYSE:HRB - Get Free Report) last posted its quarterly earnings data on Tuesday, February 4th. The company reported ($1.73) earnings per share for the quarter, missing analysts' consensus estimates of ($1.59) by ($0.14). H&R Block had a net margin of 14.71% and a negative return on equity of 179.15%. As a group, research analysts predict that H&R Block, Inc. will post 5.25 EPS for the current year.

H&R Block Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 3rd. Stockholders of record on Tuesday, March 4th will be given a $0.375 dividend. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date is Tuesday, March 4th. H&R Block's dividend payout ratio is presently 41.32%.

Analysts Set New Price Targets

Several brokerages have issued reports on HRB. StockNews.com downgraded shares of H&R Block from a "buy" rating to a "hold" rating in a report on Thursday, February 13th. Barrington Research reaffirmed an "outperform" rating and issued a $70.00 price target on shares of H&R Block in a report on Wednesday, February 5th.

H&R Block Company Profile

H&R Block, Inc engages in the provision of tax return preparation solutions, financial products and small business solutions. The company was founded by Henry W. Bloch and Richard A. Bloch on January 25, 1955, and is headquartered in Kansas City, MO.